Sprint's losses widen ahead of Palm Pre
Sprint today reported a first quarter that showed the company's losses at once expanding and stabilizing. The company's net losses grew from $505 million a year ago to $594 million in early 2009, a steep 18 percent drop. It also reported continued, but softened, subscriber losses from quarter to quarter as it dropped 182,000 total users, falling to 49.1 million customers. The number was helped by a large influx of customers drawn to Sprint's $50 unlimited plan on Boost Mobile but masks a sharp drop in users in its core business, where 531,000 CDMA users and 719,000 iDEN push-to-talk users left the service.
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